Period expenses include management expenses, sales expenses and financial expenses.
Period expenses refer to the expenses incurred by enterprises for organizing and managing production and operation, raising funds needed for production and operation, and selling commodities. Period expenses should be directly included in the current profit and loss, and listed item by item in the income statement, including management expenses, financial expenses and sales expenses.
1. Sales expenses refer to the expenses incurred by enterprises in the process of selling goods, including transportation expenses, loading and unloading expenses, packaging expenses, insurance fees, exhibition expenses, advertising expenses, wages and welfare expenses of employees, expenses similar to wages, business expenses and other operating expenses of sales organizations (including sales outlets and after-sales service outlets, etc.). ) specially designed for selling the goods of this enterprise. The purchase expenses incurred by commodity circulation enterprises in the process of purchasing commodities are also included.
2. Management expenses refer to the management expenses incurred by the enterprise for organizing and managing the production and operation of the enterprise, including the expenses incurred by the board of directors and administrative departments in the operation and management of the enterprise. Or the company's funds that should be borne by the enterprise in a unified way (including the salary, repair cost, material consumption, amortization of low-value consumables, office expenses, travel expenses, etc.). ), trade union funds, unemployment insurance, labor insurance, directors' fees, agency fees, consulting fees (including consulting fees), legal fees, business entertainment fees, property tax, vehicle and vessel use tax (cancelled), land use tax and stamp duty. Amortization of intangible assets, employee education expenses, research and development expenses, sewage charges, inventory losses or inventory gains (excluding inventory losses that should be included in non-operating expenses), provision for bad debts and provision for inventory depreciation, etc.
3. Financial expenses refer to the expenses incurred by an enterprise to raise the funds needed for production and operation, including interest expenses (minus interest income), exchange losses (minus exchange gains) and related handling fees that should be used as period expenses. "